Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Phemex+0.243%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$850.854% of the position

Long on Phemex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.243%, 7d avg +0.060%

Together, before fees+0.123%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.183% dearer against Phemex than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004530	0.0100	pay 0.0050% / 4h	3h 26m	$2.0M	$3.9M	20x
Short	Lighter PUMP	0.004541	0.0096	get 0.0012% / 1h	26m 31s	$2.9M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee LighterbpOrdersPrice spread, now +0.243%Rate

Funding earned: −$0.84
Price spread: +0.243% → +0.060%: $18.32
Slippage, 4 orders: −$73.42
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$67.94
Costs to cover: 0.854%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Lighter: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 2 min ago	11.06 bp	42.4 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	1.11 bp	7.7 bp −$8	11.2 bp −$112	80.2 bp −$8,020	doesn't fit

PUMP on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PUMP_USDT	−0.0140%	4h	0.004536	+0.132%	$4.9M	$10.0M	75x	as long as short
dYdX PUMP-USD	−0.0032%	1h	0.004538	+0.180%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004535	+0.110%	$18K	$265K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004522	−0.167%	$55K	—	150x	as long as short
Lighter PUMPshort	+0.0096%	1h	0.004541	+0.243%	$2.9M	$4.4M	10x
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.662%	$35K	$674K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004537	+0.161%	$857K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004540	+0.221%	$522K	$892K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004539	+0.194%	$82.8M	$176.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004536	+0.132%	$25.0M	$103.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004528	−0.046%	$27K	$152K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004539	+0.199%	$50K	$140K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004539	+0.199%	$24.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004537	+0.155%	$17.6M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004540	+0.221%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004528	−0.051%	$812K	$213K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004505	−0.560%	$66K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004505	−0.547%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004509	−0.464%	$160K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004538	+0.177%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004527	−0.066%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004520	−0.220%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004526	−0.088%	$2K	$788K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004529	−0.022%	$259	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004531	+0.022%	$22K	$126K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004530	long leg	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004540	+0.214%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004535	+0.114%	$3.7M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004527	−0.066%	$67K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0117%	1h	0.004542	+0.265%	$169.2M	$51.7M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0192%	1h	0.004531	+0.022%	$69K	$116K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004529	−0.022%	$65K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004538	+0.177%	$6K	$600	10x	as long as short
Nado PUMP-PERP	+0.0324%	1h	0.004535	+0.121%	$1.6M	$2.2M	10x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004527	−0.062%	$44K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004532	+0.044%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004531	+0.017%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+1.148%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004534	+0.088%	$746K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004539	+0.200%	$529K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0818%	1h	0.004529	−0.013%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0970%	1h	0.004532	+0.033%	$501	$109K	10x	as long as short